Mil-Con
ActiveSummary
Mil-Con has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,118 and a net result of €38,626. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+11
Solvency28▼-50
Growth58▲+6
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.1%
Return on assets
23.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-01-2026, 183 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
183 d early
2024
154 d early
2023
184 d early
2022
95 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 154 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,118▼ 93.3%
2024 · €76,193
Total assets
€162,568▲ 13.2%
2024 · €143,589
Net result
€38,626▲ 86.2%
2024 · €20,744
Working capital
€36,071▼ 20.7%
2024 · €45,481
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€29,937-€42,459▲ 41.8%€27,673▼ 34.8%€50,036▲ 80.8%
Net result€23,649within the sector's middle half-€33,865within the sector's middle half▲ 43.2%€20,744within the sector's middle half▼ 38.7%€38,626within the sector's middle half▲ 86.2%
Equity€23,249below the sector's middle half-€55,449within the sector's middle half▲ 138%€76,193within the sector's middle half▲ 37.4%€5,118below the sector's middle half▼ 93.3%
Total assets€45,168below the sector's middle half-€78,644below the sector's middle half▲ 74.1%€143,589within the sector's middle half▲ 82.6%€162,568within the sector's middle half▲ 13.2%
Debt€21,919-€23,196▲ 5.8%€67,397▲ 191%€157,450▲ 134%
Working capital€27,011-€47,055▲ 74.2%€45,481▼ 3.3%€36,071▼ 20.7%
Solvency51.5%within the sector's middle half-70.5%within the sector's middle half▲ 19.0pp53.1%within the sector's middle half▼ 17.4pp3.1%below the sector's middle half▼ 49.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162,568
Fixed assets
€69,884 ▼ 9.8%
Current assets
€92,685 ▲ 40.3%
Equity and liabilities €162,568
Equity
€5,118 ▼ 93.3%
Debt
€157,450 ▲ 134%
Debt's share of the balance-sheet total rises from 46.9% to 96.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€65,376▲
2024 · €29,871
Cash flow
€53,966▲
2024 · €22,942
Current ratio
1.64▼
2024 · 3.21
Debt to equity
30.76▲
2024 · 0.88
ROE
754.7%▲
2024 · 27.2%
ROA
23.8%▲
2024 · 14.4%
Interest coverage
32.32▼
2024 · 65.43
Debt ≤ 1 year
€56,614▲
2024 · €20,599
Debt > 1 year
€100,837▲
2024 · €46,798
Income taxes
€9,802▲
2024 · €4,182
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
2.6%
went bankrupt
2.6%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,155 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,243 | €2,198 | €15,340 | ▲ 598% |
| Other operating charges640/8 | - | €109 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | €29,937 | €43,811 | €29,989 | €65,496 | ▲ 118% |
| Operating profit (loss)9901 | €29,937 | €42,459 | €27,673 | €50,036 | ▲ 80.8% |
| Financial income75/76B | - | €288 | €406 | €414 | ▲ 2.0% |
| Recurring financial income75 | - | €288 | €406 | €414 | ▲ 2.0% |
| Financial charges65/66B | €52 | €65 | €3,153 | €2,023 | ▼ 35.8% |
| Recurring financial charges65 | €52 | €65 | €457 | €2,023 | ▲ 343% |
| Non-recurring financial charges66B | - | - | €2,696 | - | - |
| Profit (loss) for the period before taxes9903 | €29,885 | €42,682 | €24,926 | €48,427 | ▲ 94.3% |
| Income taxes67/77 | €6,235 | €8,817 | €4,182 | €9,802 | ▲ 134% |
| Profit (loss) for the period9904 | €23,649 | €33,865 | €20,744 | €38,626 | ▲ 86.2% |
| Profit (loss) for the period to be appropriated9905 | €23,649 | €33,865 | €20,744 | €38,626 | ▲ 86.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €45,168 | €78,644 | €143,589 | €162,568 | ▲ 13.2% |
| Fixed assets21/28 | - | €13,025 | €77,509 | €69,884 | ▼ 9.8% |
| Tangible fixed assets22/27 | - | €13,025 | €77,509 | €69,884 | ▼ 9.8% |
| Land and buildings22 | - | €13,025 | €12,626 | €11,091 | ▼ 12.2% |
| Furniture and vehicles24 | - | - | - | €7,030 | - |
| Leasing and similar rights25 | - | - | €64,883 | €51,763 | ▼ 20.2% |
| Current assets29/58 | €45,168 | €65,619 | €66,080 | €92,685 | ▲ 40.3% |
| Amounts receivable after more than one year29 | - | €20,288 | €20,694 | €21,108 | ▲ 2.0% |
| Trade receivables290 | - | €20,288 | €20,694 | €21,108 | ▲ 2.0% |
| Amounts receivable within one year40/41 | €10,447 | €5,306 | €7,138 | €16,975 | ▲ 138% |
| Trade receivables40 | €10,297 | €5,156 | €6,988 | €16,825 | ▲ 141% |
| Other amounts receivable41 | €150 | €150 | €150 | €150 | = |
| Cash at bank and in hand54/58 | €32,835 | €37,924 | €34,651 | €52,040 | ▲ 50.2% |
| Deferred charges and accrued income490/1 | €1,887 | €2,101 | €3,597 | €2,563 | ▼ 28.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €45,168 | €78,644 | €143,589 | €162,568 | ▲ 13.2% |
| Equity10/15 | €23,249 | €55,449 | €76,193 | €5,118 | ▼ 93.3% |
| Contributions10/11 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Reserves13 | €22,000 | €54,000 | €74,700 | - | - |
| Distributable reserves133 | €22,000 | €54,000 | €74,700 | - | - |
| Profit (loss) carried forward14 | €49 | €249 | €293 | €3,918 | ▲ 1,240% |
| Amounts payable17/49 | €21,919 | €23,196 | €67,397 | €157,450 | ▲ 134% |
| Amounts payable after more than one year17 | €3,761 | €4,631 | €46,798 | €100,837 | ▲ 115% |
| Financial debts170/4 | €3,761 | - | €46,466 | €37,010 | ▼ 20.4% |
| Other amounts payable178/9 | - | €4,631 | €332 | €63,827 | ▲ 19,134% |
| Amounts payable within one year42/48 | €18,158 | €18,565 | €20,599 | €56,614 | ▲ 175% |
| Current portion of amounts payable after more than one year42 | - | - | €8,349 | €8,682 | ▲ 4.0% |
| Trade debts44 | €2,004 | €1,958 | €1,415 | €2,473 | ▲ 74.8% |
| Suppliers440/4 | €2,004 | €1,958 | €1,415 | €2,473 | ▲ 74.8% |
| Taxes, remuneration and social security45 | €14,554 | €14,941 | €10,836 | €10,458 | ▼ 3.5% |
| Taxes450/3 | €14,554 | €14,941 | €10,836 | €10,458 | ▼ 3.5% |
| Other amounts payable47/48 | €1,600 | €1,666 | - | €35,000 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,649 | €33,865 | €20,744 | €38,626 | ▲ 86.2% |
| + Depreciation and write-downs630 | - | €1,243 | €2,198 | €15,340 | ▲ 598% |
| Operating cash flow (approximation) | €23,649 | €35,108 | €22,942 | €53,966 | ▲ 135% |
| Investment in fixed assets (approximation) | - | - | -€66,682 | -€7,714 | ▲ 88.4% |
| Change in cash | - | €5,089 | -€3,273 | €17,388 | ▲ 631% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €38,626 ▲86.2%
Operating result €50,036, net result €38,626, both a record.
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €20,744 ▼38.7%
Net result drops to €20,744, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mol · 1 establishment unit since 2022
Ground area
451 m²
Building footprint
117 m²
Volume, LiDAR
668 m³
Parcel 13025G0298/00L000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Mil-Con
since 20222.330.201.997
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G0298/00L000 | Flanders | 451 m² | 1 · 117 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 15,797 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
46190Agents in non-specialised wholesale trade
Contact
E-mail
michiellauwers@gmail.comMol
Phone
0486061810Mol
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784497693
Also
9925:BE0784497693
Registered
31-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.